Rajiv Shastri has joined NJ India Mutual Fund as its new CEO. Rajiv has replaced Anand Shah, who has left the company.
In his current position, he will be responsible for asset management business of NJ group.
NJ India has received in-principle approval from SEBI in January 2020 to set up its AMC business. The fund house is awaiting final approval from SEBI.
Neeraj Choksi, co-founder, NJ India, told Cafemutual that the new AMC would focus on passive funds such as quant funds and smart beta ETFs to grow business. He believes that just like developed markets, passive funds and ETFs have great potential to grow in India.
Prior to joining NJ India, Rajiv Shastri was the CEO of Essel MF. With over 24 years of experience in the mutual fund industry, Rajiv has worked with Peerless, Pramerica, Birla Sun Life, ABN AMRO (now BNP Paribas Mutual Fund), HDFC, DSP Merrill Lynch (now DSP) and Sahara.
